It was a good day in the markets for Medican Enterprises Inc (OTCMKTS:MDCN) as its stock soared by as much as 67% after the company made a major announcement with regards to an acquisition. The company announced yesterday that it picked up a stake in the company Equity Apple Inc, a major operator in the real estate industry.
In this context, it is perhaps important for investors to take a closer look at what Equity Apple actually does. The company not only invests in but also manages commercial real estate as well as other forms of real estate assets and seeks to provide a convincing risk return option to investors.
In addition to that, Equity Apple is also focussed on multifamily rental properties and office buildings which are situated in areas know as ‘qualified opportunity zones’.
The company has its own online real estate investment platform that allows individuals to become either investors or even the debt holders in various properties. This allows individuals to have stake in properties that may not have been possible in a different day and age. Hence, the move from Medican Enterprise of investing in this upcoming business has led to considerable excitement among market participants.